U.S. Industrial Production Rises in October

U.S. Industrial Production Rises in October

Nov 16, 2018

U.S. industrial production rose in October, according to data released on Friday.

The Federal Reserve reported that industrial output rose 0.1% last month after gaining 0.2% in September.

Economists had forecast industrial production rising 0.2%.

September's 0.2% advance was revised down from an initial 0.3% increase.

Meanwhile, manufacturing production increased 0.3% in October, in line with the previous month’s gain and above the consensus estimate of 0.2%.

September's 0.3% rise was an upward revision from an initial increase of 0.2%.

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